Solar Park Initiatives Positioned to Capitalize on Grid Parity

PONTE VEDRA BEACH, FL--(Marketwire - September 30, 2010) - Solar Park Initiatives, Inc. (OTCBB: SOPV), a Florida-based solar energy company dedicated to utility and commercial solar park developments in North America, reports that the costs associated with solar electricity are falling mainly due to improved cell efficiency, improved solar manufacturing, and lower construction costs. Manufacturers are quickly approaching a $1 per watt manufacturing cost, which will allow Solar Park Initiatives to generate electricity at the same price as the grid in many areas of the country. Grid Parity is achieved when the decreasing cost of a solar park project (total Engineering, Procurement and Construction [EPC] and ongoing operation and maintenance cost), falls below the cost of electrical energy on a retail basis.

David Surette, CEO of Solar Park Initiatives, stated, "Our current cost structure for EPC and operations and maintenance allows us to create electricity from solar energy at Grid Parity pricing in certain areas of the country. We look forward to rolling out our projects in one of the fastest growing industries worldwide."

Solar Park Initiatives, Inc. Business Strategy

Solar Park Initiatives intends to develop land for large utility scale solar photovoltaic ("PV") projects. The Company will provide engineering, procurement of products and construction ("EPC") via third party suppliers including its sister company Solar Energy Initiatives, Inc. SOPV will attempt to sell the resultant electrical production to various utilities and large commercial entities through a Power Purchase Agreement ("PPA"). The Company expects to provide energy savings to commercial and municipality users without any out of pocket engineering, procurement or construction ("EPC") costs to those users of energy.

Forward-Looking Statements

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